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right to work law in michigan. that is the union paradise. let's bring in robert costa who by the way is the newly reported national review editor. congrats on your promotion. i wanted to ask you. if it could happen in michigan a right to work law that gives individuals real choice where next? >> look republicans had a horrible 2012 but they still hold seats. they have an appetite for having labor fights. you are going to see them go into pennsylvania. it could happen. a lot of governors are going to start looking at their own states. does this slow that down? does it remind mr. obama and his left of center allies what happened in wisconsin they tried to recall the governor and it didn't work. and now it is spreading to michigan. does it have political implications in dc? sure. that is the big story right now. he has spoken to the workers protesting in the streets. this is the second term battle. how he is going to stand with the unions. go after them. how dbig a force are they going to be on the national stage? >> you are going to see them r
right to work law in michigan. that is the union paradise. let's bring in robert costa who by the way is the newly reported national review editor. congrats on your promotion. i wanted to ask you. if it could happen in michigan a right to work law that gives individuals real choice where next? >> look republicans had a horrible 2012 but they still hold seats. they have an appetite for having labor fights. you are going to see them go into pennsylvania. it could happen. a lot of governors...
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it's about the foworkers of michigan. they work hard to provide for their families and grow our great state. it's clear they are focused on politics. we're focused on the hard-working men and women who make our state so great. >> what i gather from news reports -- tell me if this isn't right. the teachers union is boycotting and starting to close schools tomorrow in protest. that sort of thing happens, they ought to get fired. first of all, is it true? are they going to boycott school days and hurt the kids? >> we are seeing kids closed because teachers are calling in. it's unfortunate. they need to put kids first. we need to put our future first. that's what the law does. if we get to the debate on the issue, we're asking to give workers the choice so they can make the decision about which organizations they want to join and which they don't want to join. unfortunately a lot of politics get drug in. the issue gets put aside. unfortunately politics demonstrates -- just takes over the issue. we're not going to let it happe
it's about the foworkers of michigan. they work hard to provide for their families and grow our great state. it's clear they are focused on politics. we're focused on the hard-working men and women who make our state so great. >> what i gather from news reports -- tell me if this isn't right. the teachers union is boycotting and starting to close schools tomorrow in protest. that sort of thing happens, they ought to get fired. first of all, is it true? are they going to boycott school...
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this time in michigan. that after talking with house speaker john boehner over the weekend. their firps one on one in weeks. is that why republicans are saying they would swallow higher taxes for the right deal on spending cuts? we'll talk to tom cole who is making that case in just a few minutes. >>> bmw and mercedes are looking for the best selling luxury brand in the united states. wait until you hear what your money can get you these days. you're watching cnbc. ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is q rea this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? >>> is the u.s. consumer in trouble? the front page on this morning's "wall street journal" says yes. but are holiday sales and shipping proving otherwise? courtney reag
this time in michigan. that after talking with house speaker john boehner over the weekend. their firps one on one in weeks. is that why republicans are saying they would swallow higher taxes for the right deal on spending cuts? we'll talk to tom cole who is making that case in just a few minutes. >>> bmw and mercedes are looking for the best selling luxury brand in the united states. wait until you hear what your money can get you these days. you're watching cnbc. ...so as you can...
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that's what president obama will be talking about in michigan today. keeping the public pressure on. but the part for the administrator point of view, tyler, is what do they live john boehner so he can bring his troops along, entitlement, spending cuts, to tell their members we got a good deal. >> john, i find it curious to find that president spent as much time as he has on the road trying to drum up support for this deal. we just had an election all about this. why does not white house figure that these kinds of appearances are helpful when both sides positions are pretty well locked in already? >> because this president and this white house have concluded that public pressure is what will make republicans bargain with him and deal on his terms. after the private grand bargain negotiations in the summer of 2011, they concluded they weren't simply going to do it behind closed doors with republicans. president went out and campaigned. he hammered republicans beginning in the fall of 2011. he won the election and he was trying to keep the pressure on to
that's what president obama will be talking about in michigan today. keeping the public pressure on. but the part for the administrator point of view, tyler, is what do they live john boehner so he can bring his troops along, entitlement, spending cuts, to tell their members we got a good deal. >> john, i find it curious to find that president spent as much time as he has on the road trying to drum up support for this deal. we just had an election all about this. why does not white house...
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it is good to see everybody in the great state of michigan. [ cheers and applause ] >> few people i want it acknowledge. the mayor of detroit is in the house. >> tracy schultz. we've got -- >> the daimler plant. let's get on the dsk settlement. jackie at hq, what are we learning? >> a in, city judge approved a settlement in the civil case against dominique strauss-kahn. details are confidential. the accuser's lawsuit again the new york post has also been settled. we will bring you more as soon as we have it. thank you. back to you. >> thank you, jackie. >>> up next, is the apple growth story over? >> and sale fail. why does jc penney keep changing its strategy? ♪ [ male announcer ] 'tis the season to discover the kid in all of us. enjoy free shipping and great values on your holiday shopping from l.l. bean. enjoy free shipping and great values sfx- "sounds of african drum and flute" look who's back. again? it's embarrassing it's embarrassing! we can see you carl. we can totally see you. come on you're better than this...all that prowling around. yeah, you're the king of the jungle. hav
it is good to see everybody in the great state of michigan. [ cheers and applause ] >> few people i want it acknowledge. the mayor of detroit is in the house. >> tracy schultz. we've got -- >> the daimler plant. let's get on the dsk settlement. jackie at hq, what are we learning? >> a in, city judge approved a settlement in the civil case against dominique strauss-kahn. details are confidential. the accuser's lawsuit again the new york post has also been settled. we will...
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. >>> a major investment in michigan, that story next, and more from our guest host who is once, twice, three times a bank ceo. [ male announcer ] this december, remember -- you can stay in and share something... or you can get out there and actually share something. ♪ the lexus december to remember sales event is on. this is the pursuit of perfection. >>> welcome back to "squawk box." dow looks like it would open 25 points higher, up almost two points, the nasdaq a little over close to two and a half points. making headlines, ford plans to invest more than $773 million in new equipment and capacity expansion across six plants in southeast michigan. the automaker has committed to invest $6.2 billion in u.s. plants by 2015 as part of an agreement with the uaw. >>> coming up, our guest host this morning has been john can his, chairman and ceo of bank united. we are going to give him the last word. easy like sunday morning when "squawk" returns. ...so as you s customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so
. >>> a major investment in michigan, that story next, and more from our guest host who is once, twice, three times a bank ceo. [ male announcer ] this december, remember -- you can stay in and share something... or you can get out there and actually share something. ♪ the lexus december to remember sales event is on. this is the pursuit of perfection. >>> welcome back to "squawk box." dow looks like it would open 25 points higher, up almost two points, the nasdaq...
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that is michigan's decision to become a right-to-work state. thousands of protesters and union members converged on the capitol in lansing yesterday to object to the measure that would bar unions from requiring workers to pay membership dues and to join the union. governor snyder signed the measure into law. >> shouldn't the unionsing putting out a proposition that workers want to join a union? and shouldn't workers feel free to make that choice to say their dollars are going to the union or not based on they feel they're getting results? so that's what this is really doing. so that's why i view this as pro-worker, not anti-union. >> the right-to-work clause regarded as a big blow to organized labor which has seen membership decline across the country. down to private sector 7%. >> you think overall, isn't it, 7%? more than 50% of those work for the government. >> 7% and more than that if you go up, like -- i think it's 16% if you include -- 13 if you include public, which is -- where it is. a contentious issue. they point to what happened in i
that is michigan's decision to become a right-to-work state. thousands of protesters and union members converged on the capitol in lansing yesterday to object to the measure that would bar unions from requiring workers to pay membership dues and to join the union. governor snyder signed the measure into law. >> shouldn't the unionsing putting out a proposition that workers want to join a union? and shouldn't workers feel free to make that choice to say their dollars are going to the union...
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bean. >>> want to take you to lansing, michigan. this video shot a few moments ago where the state legislature is considering making michigan the 24th right to work state. basically restricting unions in what is obviously a stronghold of organized labor. this is the scene outside the capitol which has already been closed because it was filled to capacity. an estimated 10,000 people demonstrating outside where it's about 25 degrees. also several school districts in michigan have been closed as the teachers there have gone to lansing to join the rallies. quite a scene today in michigan. >>> meantime, time for a capital markets op-ed. gary, we mentioned madoff. it's hard to believe it's been four years. >> as a matter of fact, david and i were just talking about it offset. it was 3:00 four years ago today. i got a phone call. you're not going to believe this. they finally got madoff. faber and i had been chatting about it probably for close to a decade. remember, within the industry, the numbers, the performance, this was something tha
bean. >>> want to take you to lansing, michigan. this video shot a few moments ago where the state legislature is considering making michigan the 24th right to work state. basically restricting unions in what is obviously a stronghold of organized labor. this is the scene outside the capitol which has already been closed because it was filled to capacity. an estimated 10,000 people demonstrating outside where it's about 25 degrees. also several school districts in michigan have been...
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on the michigan capital building today. they plan to protest a likely passage of a right to work law. the republican-controlled mission house will consider two and perhaps as many as three bills today that would prohibit unions from sourcing private sector workers and government employees to pay union dues. michigan would then become the 24th so-called right to work state. >>> and jpmorgan is jumping to first place in a u.s. customer satisfaction survey. its three biggest rivals, posting a decline in their scores, including perennial lead her wells fargo. but the index finds smaller banks and credit unions continue to record higher numbers than all large banks. >>> let's go to the futures pits now and talk to kevin ferry at cronus futures management. kevin. >> good morning, andrew. >> set up the week for us, if you could, sir. >> okay. well, interestingly, the political situation has kind of kept the fed on the back burner, because it's probably going to be one of the most important and open meeting that they've had -- we'v
on the michigan capital building today. they plan to protest a likely passage of a right to work law. the republican-controlled mission house will consider two and perhaps as many as three bills today that would prohibit unions from sourcing private sector workers and government employees to pay union dues. michigan would then become the 24th so-called right to work state. >>> and jpmorgan is jumping to first place in a u.s. customer satisfaction survey. its three biggest rivals,...
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on friday there was a preliminary measure of consumer sentiment from the university of michigan that showed a big drop after four months of gains. i can't help but wonder if that's because of all the coverage of the fiscal cliff and how much it plays into the news media. at this point maybe that's a sign for washington, guys, hurry up and get something done, because this really is starting to matter. >> can't emergency until maybe just recently did anyone really said, wow, am i going to get junior this gift? >> everything we talked about is how consumers were still hanging in. but it's two-thirds of the economy. >> a couple weeks ago, consumers and businesses alike weren't really investing. they were only spending exactly what they had to to sort of get themselves to the end of the year and that any longer-term investment really wasn't happening. they were putting it on hold. >> where are you on the aussie discharge? >> oh, no. >> the ones who called up and crank called -- >> well, i do believe that, you know, they had to think that they weren't going to get through. i made a prank c
on friday there was a preliminary measure of consumer sentiment from the university of michigan that showed a big drop after four months of gains. i can't help but wonder if that's because of all the coverage of the fiscal cliff and how much it plays into the news media. at this point maybe that's a sign for washington, guys, hurry up and get something done, because this really is starting to matter. >> can't emergency until maybe just recently did anyone really said, wow, am i going to...